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Investments glossary

Transfer on Death (TOD)

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Quotes of the day:

Chains are chains even if made of gold, they just tie you.

— Patrick Mahony

The transfer on death designation lets beneficiaries receive assets at the time of the person’s death without going through probate. This designation also lets the account holder or security owner specify the percentage of assets each designated beneficiary receives, which helps the executor distribute the person’s assets after death. With TOD registration, the named beneficiaries have no access to or control over a person’s assets as long as the person is alive.


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